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originally posted by: luthier
a reply to: Stupidsecrets
Denmark is a nation of high personal wealth.
So just fyi Americans have record personal debt, corporations have record debt, and small business have record debt...also they are carrying debt longer ...
And once again it's the rate of increase of debt to gdp which you have not addressed at all..
Perhaps you just don't get how bubbles are made and what happens when the gdp is being squashed by loan payments...when interest alone on the loans is creating a black hole that is a substantial part of the entire GDP.
originally posted by: matafuchs
a reply to: Flesh699
Obama said that too....and Bush...and Clinton....will never happen. They sell a dream of screw the big guy and behind the scenes the big guy is paying them.
Sorry, no president since Kennedy has followed through on his campaign speeches like Trump. You don't have to like him but you can like the results.
Bernie has introduced over 900 Bills and 3 became laws. Those 3? To rename post offices.
Is this who you want leading your country?
originally posted by: luthier
a reply to: Stupidsecrets
So you don't understand the value of currency?
Interest rates? 401k investments etc...
What in the world makes you think I have debt? Because i actually understand economics?
originally posted by: Stupidsecrets
originally posted by: luthier
a reply to: Stupidsecrets
So you don't understand the value of currency?
Interest rates? 401k investments etc...
What in the world makes you think I have debt? Because i actually understand economics?
I understand it. I just don't understand why you are so concerned about the deficit. How does it impact you personally. I live debt free so if the market crashed like 08 so what. I would probably go buy another house and definitely buy more personal stock. It would not impact me other than restaurants I like closing or other businesses which would be awful because I do try to support local businesses.
originally posted by: conspiracy nut
I think if we met him halfway on some of his more extreme policies he wouldn't be so bad. Left to his own devices he would raise taxes to high heaven and chase away all the rich and corporations and eventually bankrupt this country. His ideas sound great on paper but someone's gotta pay for it and the aforementioned will have none of it.
originally posted by: Stupidsecrets
originally posted by: conspiracy nut
I think if we met him halfway on some of his more extreme policies he wouldn't be so bad. Left to his own devices he would raise taxes to high heaven and chase away all the rich and corporations and eventually bankrupt this country. His ideas sound great on paper but someone's gotta pay for it and the aforementioned will have none of it.
The rich but also the middle and upper middle would cutback spending if taxes go up. I know for me, I would cutback spending out of spite for raising my taxes. That means less dollars bouncing around the economy 5-6 times on average.
People start getting laid off, businesses close. The poor may get their free stuff but what is the point. They can't enjoy life anymore. Less opportunity to earn more income, destroys their motivation to even try. And good luck with that free college degree finding a job. The competition will be so fierce because all the free stuff shutdown the economy.
originally posted by: luthier
originally posted by: Stupidsecrets
originally posted by: luthier
a reply to: Stupidsecrets
So you don't understand the value of currency?
Interest rates? 401k investments etc...
What in the world makes you think I have debt? Because i actually understand economics?
I understand it. I just don't understand why you are so concerned about the deficit. How does it impact you personally. I live debt free so if the market crashed like 08 so what. I would probably go buy another house and definitely buy more personal stock. It would not impact me other than restaurants I like closing or other businesses which would be awful because I do try to support local businesses.
Jesus dude I have explained it and no you don't get it.
When you have to pay more in interest, it crowds out your ability to spend on other things.
Debt to GDP destroys the budget further like a whirlpool. It literally destroys investments. It devalues the currency.
With personal, and business debt it creates defaults. Like we are seeing in autoloans, heading into housing etc...which effect inflation by the need to increase the budget and print more and money...
You keep saying you get it but you dont.
Let me just explain clearly how bad by 2025 it paying the debt interest will surpass defense spending and get worse from there.
originally posted by: Stupidsecrets
originally posted by: luthier
originally posted by: Stupidsecrets
originally posted by: luthier
a reply to: Stupidsecrets
So you don't understand the value of currency?
Interest rates? 401k investments etc...
What in the world makes you think I have debt? Because i actually understand economics?
I understand it. I just don't understand why you are so concerned about the deficit. How does it impact you personally. I live debt free so if the market crashed like 08 so what. I would probably go buy another house and definitely buy more personal stock. It would not impact me other than restaurants I like closing or other businesses which would be awful because I do try to support local businesses.
Jesus dude I have explained it and no you don't get it.
When you have to pay more in interest, it crowds out your ability to spend on other things.
Debt to GDP destroys the budget further like a whirlpool. It literally destroys investments. It devalues the currency.
With personal, and business debt it creates defaults. Like we are seeing in autoloans, heading into housing etc...which effect inflation by the need to increase the budget and print more and money...
You keep saying you get it but you dont.
Let me just explain clearly how bad by 2025 it paying the debt interest will surpass defense spending and get worse from there.
But I don't pay interests. I never have. On a personal level it has no impact on my life. I have a staunch aversion to paying interests. I can't even understand why someone would pay high interests in the first place or take out massive student loans but it does seem to be a problem in the US.
Put it this way, if I don't understand finance why am I doing well financially and live debt free despite starting out poor in life? I didn't win the lottery or inherited anything. I think I understand it quite well. Probably more than you.